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Ruto-affiliated Firm Wins Ksh190 Million Government Deal

After signing a Ksh190 million deal with Nairobi County, an insurance company tied to Deputy President William Ruto has been given a lifeline. According to a report by Business Daily on Tuesday, November 30, the company, Africa Merchant Assurance Co. Ltd. (Amaco), was awarded the tender to provide insurance cover for the country's motor vehicles and motorcycles. Following a court verdict in which two other firms disputed Nairobi County's decision to award the tender to AMACO, the company was awarded the contract.

In her decision, Justice Pauline Nyamweya approved the tender that had been canceled by the county procurement office. The judge ruled, "In view of the applicable principles as to the award of this remedy, the ex parte applicant (AMACO) is therefore entitled to the orders requested by certiorari to quash the abovementioned decision."

The bid, which was supposed to be granted in early 2020, was canceled when the two insurance companies claimed they hadn't received notices that their bids had been terminated. This tender provides a lifeline to the insurance company, which is facing bankruptcy as a result of a Ksh10 million debt owed to six individuals.

After a protracted struggle over payments, the court approved the process of shutting down the firm in November 2020. The six, who included Elizabeth Karithi, Anisia Muthoni, Faith Muthoni, and Silas Kinoti, alleged that the firm had not paid its dues and had issued bouncing checks in certain cases. The closure order was lifted a few days later after a debt of Ksh4.3 million was settled.

(Credit: Business Daily,

Content created and supplied by: TrendStar (via Opera News )

Africa Merchant Assurance Co. Ltd Amaco Nairobi County Pauline Nyamweya William Ruto


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